Instills in its students a love of learning in a unique environment that emphasizes academic excellence, critical-thinking skills, and global perspectives.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 68 volunteers and 26 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $350K a year · 17% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$203K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $108K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
-4% vs prior year
Spent
$2.0M
To programs
81%
Net assets
$2.9M
By yearFY2021–FY2025
Revenue
$1.7M
FY2025▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.5M
FY2022$1.7M
FY2023$3.5M
FY2024$1.8M
FY2025$1.7M
Expenses
$2.0M
FY2025▲ +0.9%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.4M
FY2022$1.4M
FY2023$1.7M
FY2024$1.9M
FY2025$2.0M
Net assets
$2.9M
FY2025▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.3M
FY2022$1.5M
FY2023$3.3M
FY2024$3.2M
FY2025$2.9M

From the FY2025 Form 990 (year ending July 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.6M Management & general 19% · $367K Fundraising 0% · $965

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $203K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School (outgoing)
$117,390Pt VII · Sec A
Finance Director
$85,300Pt VII · Sec A
Head of School (incoming)
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board of Trustees
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Richard Seay$117,390$105,107$119,191$111,477$101,658
Shelley Holtsclaw$85,300$81,381$83,037—$74,013

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Hickory Day School INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters a love of learning through academic excellence, critical thinking, and global perspectives.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2024
01

Hickory day school is an academic institution serving approximately 130 students enrolled in kindergarten through grade 8. We encourage curiosity and learn through inquiry; foster self-awareness and global citizenship; celebrate cultures, perspectives, and languages; and engage our students in a world-class education.

$1.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 3 grants · $50K · 2022–2024
Unitemized GrantFY2024$18,646
Unitemized GrantFY2023$15,760
Unitemized GrantFY2022$15,646

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$244K
Other incomeLn 4–11$77K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.6M
Managementcol C$367K
Fundraisingcol D$965
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$456K
Total assetsLn 16$4.6M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$244K
Noncash giftsLn 1g$24K
Fundraising eventsLn 1c$29K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$10K
Other incomeLn 4–11$77K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$251K
SavingsLn 2$204K
Cash and savings togetherLn 1–2$456K
InvestmentsLn 11–13$7K
Land, buildings, equipmentLn 10c$3.6M
Total assetsLn 16$4.6M
LiabilitiesLn 26$1.6M
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 526
VolunteersI 668
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$964K$456K
InvestmentsLn 11–13$6K$7K
Land, buildings, equipmentLn 10c$3.7M$3.6M
Total assetsLn 16$5.3M$4.6M
LiabilitiesLn 26$2.1M$1.6M
Net assetsLn 32$3.2M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$19K$19K
Pay of current officers, directors and key staffLn 5$257K$232K$26K
Other salaries and wagesLn 7$886K$797K$89K
Other employee benefitsLn 9$50K$45K$5K
Payroll taxesLn 10$85K$77K$9K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$22K$22K
Advertising and promotionLn 12$596$596
Office expensesLn 13$4K$4K
Information technologyLn 14$30K$30K
OccupancyLn 16$23K$23K
InterestLn 20$98K$98K
Depreciation, depletion and amortizationLn 22$146K$131K$15K
InsuranceLn 23$35K$35K
Other expenses (24a–d)Ln 24$296K$203K$92K
All other expensesLn 24e$3K$2K$154$965
Total functional expensesLn 25$2.0M$1.6M$367K$965

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.7M$2.0M−$227K$2.9M 990 PDF
FY2024 $1.8M$1.9M−$142K$3.2M 990 PDF
FY2023 $3.5M$1.7M$1.8M$3.3M 990 PDF
FY2022 $1.7M$1.4M$231K$1.5M 990 PDF
FY2021 $1.5M$1.4M$85K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,733,210 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $239,009$244,403
I-9 Program service revenuePrior year $1,427,988$1,402,403
I-10 Investment incomePrior year $9,353$9,526
I-11 Other revenuePrior year $125,191$76,878
I-12 Total revenuePrior year $1,801,541$1,733,210
I-13 Grants and similar amounts paidPrior year $15,760$18,646
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,208,888$1,278,554
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $718,468$662,859
I-18 Total expensesPrior year $1,943,116$1,960,059
I-19 Revenue less expensesPrior year −$141,575−$226,849
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,733,210 across 9 lines filed
VIII-1c Fundraising events$29,439
VIII-1f All other contributions, gifts and grants$214,964
VIII-1g Noncash contributions (included above)$23,544
VIII-1h Total contributions, gifts and grants$244,403
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,402,403$1,402,403
VIII-3 Investment incomeRelated to mission $9,526$9,526
VIII-8 Net income from fundraising eventsExcluded from tax $68,992$68,992
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,886$7,886
VIII-12 Total revenueRelated to mission $1,419,815 · Unrelated business $0 · Excluded from tax $68,992$1,733,210
Part IX · Statement of functional expenses $1,960,059 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $18,646$18,646
IX-5 Pay of current officers, directors and key staffPrograms $231,713 · Management $25,746$257,459
IX-7 Other salaries and wagesPrograms $796,950 · Management $88,550$885,500
IX-9 Other employee benefitsPrograms $45,092 · Management $5,010$50,102
IX-10 Payroll taxesPrograms $76,944 · Management $8,549$85,493
IX-11b Legal feesPrograms $5,900$5,900
IX-11c Accounting feesPrograms $22,000$22,000
IX-12 Advertising and promotionPrograms $596$596
IX-13 Office expensesPrograms $3,943$3,943
IX-14 Information technologyPrograms $30,406$30,406
IX-16 OccupancyPrograms $23,033$23,033
IX-20 InterestManagement $97,500$97,500
IX-22 Depreciation, depletion and amortizationPrograms $131,297 · Management $14,589$145,886
IX-23 InsuranceManagement $35,061$35,061
IX-24 Other expenses (24a–d)Programs $203,350 · Management $92,243$295,593
IX-24e All other expensesPrograms $1,822 · Management $154 · Fundraising $965$2,941
IX-25 Total functional expensesPrograms $1,591,692 · Management $367,402 · Fundraising $965$1,960,059
Part X · Balance sheet $4,551,856 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $648,550$251,299
X-2 Savings and temporary cash investmentsStart of year $315,344$204,457
X-3 Pledges and grants receivableStart of year $551,608$463,730
X-4 Accounts receivableStart of year $49,525$24,825
X-9 Prepaid expenses and deferred chargesStart of year $50,365$39,148
X-10c Land, buildings and equipment, netStart of year $3,691,455$3,561,317
X-11 Publicly traded securitiesStart of year $6,471$7,080
X-16 Total assetsStart of year $5,313,318$4,551,856
X-17 Accounts payable and accrued expensesStart of year $16,847$15,240
X-19 Deferred revenueStart of year $131,591$198,585
X-26 Total liabilitiesStart of year $2,148,438$1,613,825
X-27 Net assets without donor restrictionsStart of year $3,164,880$2,938,031
X-32 Total net assets or fund balancesStart of year $3,164,880$2,938,031
X-33 Total liabilities and net assetsStart of year $5,313,318$4,551,856
Part XI · Reconciliation of net assets $2,938,031 net assets at year end
XI-1 Total revenue$1,733,210
XI-2 Total expenses$1,960,059
XI-3 Revenue less expenses−$226,849
XI-4 Net assets at start of year$3,164,880
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,938,031

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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